The first wave of funds (ETF) on the funds (ETF) listed by ETFS (ETF) has accumulated nearly $ 8.7 million at net entrances during its first year on the market, according to public data compiled since the launch of the funds on July 23, 2024, despite the heavy outings of the Ethereum de Graycale (ETHE).
This performance, although modest compared to their Bitcoin counterparts, comes next to an increase in the activity of investors and prices. In the past two weeks only, the ETF have brought in more than $ 4.6 billion – almost half of their total annual entries – coinciding with a clear increase in the price of ether (ETH).
ETH won 26% during the week of July 14, after having increased by 16% the previous week, exceeding a large part of the larger market. It is now negotiated at $ 3,704, up 11% over the year.
The Ishares Ethereum Trust of Blackrock (ETHA) stood out from the peloton, crossing $ 10 billion in management this week. The milestone makes Etha the third fastest ETF in history to reach this figure, according to Eric Balchunas by Bloomberg Intelligence. Only Ishares Bitcoin Trust of BlackRock (IBIT) and the Wise Origin Bitcoin Fund from Fidelity (FBTC) arrived faster.
The ETF ETF ETFs made their debut only a few months after the successful launch of the Spot Bitcoin funds (BTC), which attracted billions of dollars and renewed the interest of Wall Street for crypto products. The Ethereum range includes offers of financial giants like Fidelity, Vaneck, Franklin Templeton, Grayscale and others.
Funds have now displayed 15 consecutive days of net entries, fueled by the growing appetite of investors and the hope of clearer crypto regulations in the United States, the SEC recently reported the opening to cryptographic legislation and the engagement of the industry, encouraging merchants to return to digital assets.
